Cancel medical insurance

Call your Health Insurance Marketplace or insurance company. If you're canceling a state or federal Marketplace plan, you can cancel the individual policy by logging into your account and terminating the plan's coverage.

How do I cancel my insurance policy?

Contact your insurance provider: To cancel your existing insurance policy, you may call your insurer, contact an agent through the company's mobile app, mail in a cancelation request or speak to an agent in person — depending on your carrier's options.

Do I get a refund if I cancel my insurance policy?

If you choose to cancel your policy, or your insurance company cancels it, you typically won't get a refund unless you've paid the premium in advance.

Is it possible to cancel a health insurance policy at any time?

Yes, a health insurance policy can be cancelled at any time. However, you may receive a refund only if the cancellation is initiated within six mon...

What is the cost of cancelling a health insurance policy?

A health insurance policy usually does not require any cost to be cancelled. Nonetheless, enquire with your insurer to find out if there are any co...

Is there a penalty for cancelling a health insurance policy?

No, there is no penalty for cancelling a health insurance policy. However, refund may or may not be provided depending on the terms and conditions...

If I cancel my health insurance policy, will the premium be refunded?

If you cancel your health insurance policy within six months of its initiation, a refund will be awarded. The percentage of refund differs from ins...

What happens once a health insurance policy cancellation is requested?

Once a cancellation request is raised, usually the insurer reaches out to try to resolve the issue. If no resolution is reached or the resolution p...

Will my waiting period for a health condition be affected if I cancel my health insurance?

No, the waiting period for a health condition will not be affected by the cancellation of your health insurance policy. So, when you buy a new heal...

Instead of cancelling a health insurance policy, can I just buy another one?

Yes, you can buy another health policy in addition to your existing one. If you want to do so, note that it is more profitable to have two distinct...